Share on StockTwits

Bird Construction (TSE:BDT) was downgraded by research analysts at Dundee Securities from a “buy” rating to a “neutral” rating in a report released on Wednesday.

Shares of Bird Construction (TSE:BDT) traded down 2.61% during mid-day trading on Wednesday, hitting $14.94. 123,345 shares of the company’s stock traded hands. Bird Construction has a 52-week low of $11.17 and a 52-week high of $15.35. The stock has a 50-day moving average of $13.99 and a 200-day moving average of $13.80. The company has a market cap of $635.2 million and a P/E ratio of 31.96.

Bird Construction (TSE:BDT) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.12. On average, analysts predict that Bird Construction will post $0.89 earnings per share for the current fiscal year.

The company also recently declared a Monthly dividend, which is scheduled for Wednesday, August 20th. Investors of record on Wednesday, August 20th will be given a dividend of $0.0633 per share. This represents a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, July 29th.

A number of other firms have also recently commented on BDT. Analysts at TD Securities raised their price target on shares of Bird Construction from C$15.50 to C$16.00 in a research note on Friday, August 8th. They now have a “buy” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Bird Construction from C$14.00 to C$15.00 in a research note on Friday, August 8th. They now have a “sector perform” rating on the stock. Finally, analysts at Raymond James upgraded shares of Bird Construction from an “outperform” rating to a “strong-buy” rating in a research note on Friday, August 8th. They now have a C$17.00 price target on the stock, up previously from C$16.00. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of C$16.00.

Bird Construction Inc (TSE:BDT) operates as a general contractor with offices in St.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.